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tonight when we come back. the obama administration's fiscal cliff is apparently hysterically bad, but senator mitch mcconnell burst into laughter upon hearing this. we'll sort through the plan. plus a lesson from president ronald reagan on why republicans should be hesitant to take the president and the democrats at their word when it comes to any deal. and why is dianne feinstein exploring of possibility of housing gitmo terrorists in a neighborhood near you? we'll examine the likelihood of this nutty proposal. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she
to go over so-called fiscal cliff and president obama is still in campaign mode. in hatfield, pennsylvania, the president was demonizing republicans -- shocker. meanwhile, house speaker john boehner seems willing to negotiate, as long as it's in good faith. >> it's not acceptable to me and i don't think it's accept to believe you for a handful of republicans in congress to hold middle class tax cuts hostage because they don't want tax rates on upper income folks to go up. >> let's not kid ourselves. i'm willing to move forward in good faith. our original framework still stands. >> andrea: the republican leader mitch mcconnell said he burst in laughter when tim geithner outlined the president's plan. what's next? rush limbaugh and charles krauthammer want republicans to walk away and let obama own the mess. >> the best thing to do is back out of this and let obama and democrats have it and do what you want to do. that will happen anyway. i don't know about you, i don't want my fingerprints on this. >> this is almost unheard of. what do they expect? they think the republicans w
the waiting game to see if country and the president take the economy off the fiscal cliff, president obama says he will not play the debt ceiling game again. but he is taking a few more shots in the public relations game. turning the screws on republicans, a little bit more. chief white house correspondent ed henry starts us off tonight. >> reporter: finally the blame for stalled budget talks on republicans, president ratcheted up the lesh on john boehner. >> no one wants to have this done more than me. >> reporter: telling agencies to watch for massive spending cuts from going over the fiscal cliff and warped the business exectives the economy could take another hit if the republicans decide to extend the middle class tax cut to avoid the cliff for now. then come back with more leverage. to tie it to a hike in the debt ceiling. >> we are 23409 going play that game next year. if congress in any way suggests that they are going to tie negotiations to debt ceiling votes, take us to brink of default again, i will not play that game. >> republicans held their own meeting with small business ow
tim geithner. that is president obama's lead negotiator in the fiscal cliff talks. it's all happening tomorrow on fox news sunday. check your local listings for the time and channel in your area. >> rick: speak of the president, we could soon be learning who he wants to have serve in his administration in his second term. source telling fox news, a slate of nominations could be coming this month and that would likely include a replacement for the defense secretary, leon panetta, and if that does happen, it will come a little sooner than a lot of people had expected. the short list reportedly includes former republican senator chuck hagel, deputy defense secretary ashton carter, michelle floroni, a top official and democratic senator john kerry >> arthel: a reported murder-suicide rocking the nfl today. police say kansas city chiefs linebacker gentleman von belcher shot and killed his girlfriend this morning. he than drove to arrowhead stadium where he killed himself in front of his coach and general manager. elizabeth prann live from atlanta with more on this very sad story. elizabeth
the democrats. bark obama said i am ready to go off of the cliff unless you give me x, yand z . that's where the republicans made a mistake. >> if they pass and extend all of the tax cuts and send them over to the senate, they have done their job . if why go over the cliff then, it will be because of the president of the united states. it will be his economy. it will be his presidency on the line and also the country. if barak obama believes in the clinton tax cuts, let them go back into affect for the entire country and see if the country believes they are good for america. >> the president is campaign acting like he received a anytime percent man date when he only received half. what impact is this having on the psyche of the gop. >> it is affecting the psyche of the president. he's act being like he did win a huge victory . he did win a substitute victory and what happened to the republicans is, they are fearful of all of these taxes going up they are trying to a bargain in good faith to give away something and then say if you will give us something and make us look good. don't humiliate
. >> eric: we are hurling toward the fiscal cliff. what does obama like to do? he spent the evening -- that is from 2011. he spent the evening at the kekennedy center hanging out with led zeppelin, robert plant, jimmy page. who else is there? dustin hoffman. stay in thous and get something done. >> dana: boon and crockett annual dinner, 125th anniversary. at the museum of natural history. you have to visit if you can. the project manager refurbished a ma ma'am exhibit and two-year project and it's spectacular. bob, you like the five and i said i would bring you to see it. amazing. you could learn a lot. greatest thing about the wildlife and sportsmanship. >> bob: let's hear more about greg's book. >> greg: a lovely woman i met on tour. this is rachel's mother. rachel was the chick-fil-a clerk who was harassed by that jerk. showed incredible
questions about the fight over the fiscal cliff and whether some media outlets are playing favorites. obama tries new negotiation tack. not giving in. the headline in the baltimore business journal screams obama's fiscal cliff offer spurned by republicans. obama takes hard line on debt. which might be news to some people in the parenthetical. tony is a political correspondent and mark hannah is a former aide to the john kerry and barack obama presidential campaigns. some of the media tries to short form the story and comes up with a headline that can be barbed easily. this is suggested by a cable anchor who suggested the media has been arrogant since barack obama won in covering him and in covering in particular this fiscal cliff. tony, your thoughts. >> it could only be an msnbc anchor to take this long to figure out. there have been some media, the financial times which endorsed the president has called the president's bluff on this plan. they say this is the same proposal he put in front of congress that received zero votes a year ago, not even one democratic vote. but what the media has
. it's good for the g.o.p. to call obama's bluff. one or two results will follow us over the cliff. we go back to recession. that will hurt but the economy will roar back. maybe, just maybe, zombies for obama will realize he has no clue when it comes to the economy. or we don't double dip to the recession. and the debt dissolves to pay the way for the 2016 conservatives. take your chance and take medicine now. over the long run, better for >> kimberly: call his bluff. be strong at the negotiating table to make sure you can do what is best in interest of the country. these are tough time and you have to stand your ground. if you look at the recent polling, obama dropped three points. in polling with the gallup poll. people aren't happy with him anyway. >> eric: there is a counterproposal, around $800 billion in revenue through tax reform. they go through spending cuts. none of the spending cuts in obama's plan. are we so far apart we will go up or is there a meeting ground? 'canes is smart of the republicans. last week, geithner to the treasury secretary and laughed at. across the board
let him go off the cliff. let it go through and let barack obama have what he wants. people voted for it. we slide in recession and we say look, we had it their way. i think they are not carrying about the nation's future. right now, $136,000 household in debt. this is about getting re-elec re-elected. i want to say something quickly about the simpsons. it's dangerous to trivialize what is going on. simpson, if we go up the fiscal cliff simpsons are hit the hardest. the taxes go up 9,000%. writers of the simpson, the taxes will skyrocket. this isn't a joke. >> bob: you are right. but this is not going to happen. there is adjustment to social security. real cuts. >> eric: you know what -- >> bob: can i say something? >> eric: you add ornaments to add things. in obama added this little thing the other day. he said i don't want a debt ceiling or bound like it going for it. debt doesn't matter. >> bob: respond to the social security thing. >> eric: obama in october of 2008 before he was president obama. season. >> the way bush has done it, over the last eight years is to take out a cr
is hurled head first off the fiscal cliff, the obama will spend 21 days golfing, body surfing and lunching to the tune of $4 million taxpayer dollars. you can't make stuff up. >> kimberly: that sounds good to me. >> dana: the reporters would have complained if they spent 21 days in waco. but 21 in hawaii could be worse. he said let's make sure we get it done before christmas. get it done on december 16, sign it, get out of town. >> eric: $4 million. >> bob: if he was in the bathroom at the white house it would cost $4 million. >> eric: december 17 to january 6. fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, body surfing. >> kimberly: conduct unbecoming. he said in the last 30 days he got woke up in one debate. other than that, he is kicking it on the "the view." check me out. pinch with a limp. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting with geithner. >> eric: brian's poin
. and adds tensioas tensions rise capitol hill obama will be pushing his fiscal cliff plan at a toy factory today. >> peter doocy has more on that. >> the senate majority leader mitch mcconnell listening to tim geithner layout the proposal to avoid the cliff. it was so one-sided rich mcconnell reportedly said he burst into laughter. republicans claiming three want a balanced approach and they want to raise revenue without killing jobs and they are going public with their frustrations. >> i am disappointed in where we are. i am disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is , i am trying to resolve it. >> democrats want republicans to slow down and realize what they are offering is not new. it's the sail debt pl-- same de plan president obama had in the american jobs act. it's not a new stimulus it is something that has been on the table for over a year. >> something should a political price be paid in order for congress to do its job to make sure the united states of america pays its bills and does not default for the first time in history
. . >> sean: the cost of president obama's arrogance could be off the fiscal cliff. he is deeply liberal, deeply ideological, reckless, irresponsible and no interest in seriously negotiating with the republican party and he's now putting partisan politics ahead of what is good for america. even the "washington post" is calling him out saying he has no intention to negotiate. writing: >> sean: let me repeat, the offer lacks any concessions. if you want the most recent concrete evidence of how irresponsible president obama is, you need look no further than his opening bid in budget talks. the proposal awd to republicans late yesterday courtesy of tax cheat geithner calls for the following: 1.6 trillion dollar tax increase, increasing rates on incomes over $250,000. 150 billion dollars in new public stimulus spending of which 50 billion would be spent next year. another extension in unemployment benefits, 30 billion. new power to raise the federal debt limit without congressional approval. in other words, an obama blank cheque. that is not all. he also wants the estate tax to be levied at 4
. >> all of the attention today in washington is on the looming fiscal cliff. president obama administration is quietly handing over billions of dollars to the united nations in the name of global warming. >> that was the opening salvo of a recorded message that was sent to qatar where they joined 200 countries around the world this week at a united nations climate issue summit. negotiations continue regarding a large scale climate treaty to be signed by 2015. while the u.s. senate would have to ratify any international treaty by two-third vote, inhalf says he and others are more concerned about the domestic regulations. he continued to press white house about why the administration failed to issue reports on pending regulations in april and october as required by law. the white house wouldn't explain the last to us, the source says the federal agencies are in the process of pulling together that information. bret? >> bret: thank you. there are a lot of extremely happy people in washington state tonight at the stroke of midnight, hundreds lit up under the seattle space needl n
's not likely that president obama will get to sign his own fiscal cliff plan since the republicans and democrats don't like it. the measure was defeated 99-nothing. west virginia senator says that both sides aren't going far enough when it comes to cuts. >> they are lower than what everyone says we need. all economists say we need minimum of $4 trillion or greater swing. >> i don't know how we got off-track of what we need to fix this. >> it will be tough for the 20 senate democrats facing re-election. such as begoch and maryland land and mark pryor from conservative states. the top republicans say the president's span not serious. >> comes out with a proposal to raise taxes by $1.6 trillion. has unlimited authority to borrow more money. >> chuck schumer says he prefers to set the bar at $1 million. they have smart cuts to ask the millionaires to pay their fair shares. $60% of americans want millionaires to pay more. >> democrats hope this addres addresses the estate tax. increase it from 35% to 40 packet and lower protected to $5 million. framly farms or ranchs and that could be h
president obama and john boehner both talking fiscal cliff. are they talking to each other? is anyone in washington talking to each other? our panel is here to talk about that next. >> one of our favorite videos of the year. back of the police car. he's back. you have to see what he has done now. stay tuned. ♪ ♪ those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for ily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term in
is the big secret about the fiscal cliff? senator jeff sessions blasting president obama and congressional leaders for holding secret talks. he joins us. what do you moon by secret? >> these talks are -- these talks are going on somebody leaked part of what is going on some sort of outline from the white house that seeps to be unacceptable to the republicans. why don't we see the whole plan? why doesn't the american people know what the president would like to see as the final idea for america's financial future? >> greta: the interesting thing is in some ways sometimes you want to have a secret meeting so you can speak candidly. the problem is, we've had so many secret meetings. the super committee, the gang of six, the gang of eight, committees now, the problem is i might be for these secret discussions about the fiscal cliff if any within had worked. we have a history repleat with failure. i agree, it should be out in the open. >> first of all, these secret talks violate the principle of american government that would be open to every city county school board has open meeting laws you a
, there will still be slavery. >> that's the shocking claim of aan anonymous top obama advisor. >>> i believe it's safer to go over the fiscal cliff. >> do the democrats secretly want to plunge over the fiscal cliff? we'll examine the growing evidence that indicates this may be obama's secret plan. we'll have much more. hannity starts right here, right now. >> welcome to hannity. there are late breaking developments tonight related to the fiscal cliff battle being waged in washington. now, late this afternoon house speaker john boehner sent a letter to the president detailing a bold counter offer to the administration's plan. the g.o.p. proposal does not include a tax increase on the so-caldwell thee but does contain $800 billion in revenue through tax reform, another $600 billion in health savings and much more. all told, the net savings amount to around 2.2 trillion dollars. the white house responded to this letter by saying that the president is, quote, willing to compromise but not on the subject of making job creators pay more in taxes. however, what our tax and spend commander-in-chief fai
for coming by. >> now the fight over fiscal cliff, president obama stumping campaign style to prevent fast approaching spending cuts and expiring tax breaks and a potential economic disaster a month ago and toured a toy factory in pennsylvania, the company behind lincoln logs. the white house says the trip highlights the response extending the bush era tax cuts for everyone but now for any amount of money you make over $250,000. so everyone get as tax break but not anything over $250,000. that is the company's core customers and flames republicans for holding up the progress. republicans point the finger at the president. >> it is not acceptable to me or to you, i don't think, for a handful of the republicans in congress to hold middle-class tax cuts hostage. >> the white house took three weeks to respond with any kind of a proposal. to my disappointment, it wasn't a serious one. >>shepard: speaker boehner referred to meetings with the treasury secretary geithner. republicans called plan he layed out a step backwards, so much that top senate republican were mcconnell burst into laugh laugh
republicans sent president obama a new offer to avoid the fiscal cliff, a counter offer to president obama's plan, proposing raising $800 billion from tax reform, not higher tax rates. but the white house immediately slammed the offer and said it won't even consider it. tonight, speaker boehner's response to the white house response, saying it's up to the president to come up with a plan. allen west is here. good evening. >> good evening. >> your thoughts, apparently the white house is unimpressed with the proposal by the speakert and white house republicans? >> i think the white house needs to do case studies, calvin coolidge and president john f. kennedy, when you look at what they did with lowering tax rates and increase revenues. calvin coolidge went from 73% to 24%. john f. kennedy from 91% to 71%. they increased revenues. we are not talking about what the president is looking at with his wealth redistribution, we are talking about wealth expansion, economic growth and sound policies to do that. if you want to continue to believe that $250,000 makes someone rich, you are going to crus
is trying to avoid plunging of the fiscal cliff. he has made clear that the obama administration is saying that the first order of business has to be to extend tax breaks for middle-class families and raise tax rates for the top 2% of income earners. talks over how to rein in entitlement spending should be held sometime next year. >> the president is asking for $1.6 trillion of new revenue over 10 years. twice as much as he has been asking for the public. his stimulus spending exceeded the amount of new cuts that he was willing to consider. it was not a serious offer. reporter: enter a new player in the talks, stephanie cutter. you remember her? she was the deputy campaign manager for the obama-biden ticket suggested that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to
'm jenna lee. jon: i'm jon scott. president obama offering his opening bid to avoid the fiscal cliff but it's not going over well at all with republicans. house speaker john boehner saying no progress has been made in negotiations. mike emanuel is live on capitol hill now. what are the republican complaints, mike, and how are they pushing back at the president? >> reporter: senator john john cornyn who is a member of the rupp leadership says he thinks president obama wants to go over the fiscal cliff by proposing higher taxes, no spending cuts and no plans to save entitlements. with president obama going to pennsylvania today, the house republican whip, kevin mccarthy's office put out a video profiling a small business nearby in pennsylvania that would get hurt by a tax hike. >> i'm jerry gorsky from an engineering company. however good or bad we do is my income. this notion of $250,000 being top 2% or the wealthy people in america ignores the way most small businesses work in america. >> reporter: i mentioned president obama is going out on the trail, if you will in pennsylvania to sell hi
the washington institute. president obama announced the proposal for avoiding the fiscal cliff. republicans called it a "joke." breaking just minutes ago, republicans have made a counteroffer. we will get to that. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schw
of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make his case. >> i have got a pen. [ laughter ] i'm ready to sign it. [ applause ] so, my point here today is is to say let's approach this problem with the middle class in mind. the folks who are behind me and the millions of people all across the country who they represent. >> shepard: well, republicans are saying they need some spending cuts. that they will also have to be part of the deal. and they are accusing the president of campaigning instead of negotiating. >> i mean, every week he spends campaigning for his ideas is a week that we are not solving the problem. it's completely counter productive. the election is over. he won. congratulations. and we have got a hard deadline here, however, and it's still he he is still out on the campaign trail, kind of celebrating. >> shepard: if the president and congress cannot cu
this. >> i think people forget there are lots of fiscal cliff taxes, but just what president obama wallets and, you know, forget about the fiscal cliff, what his mandate is, essentially, forces a lot of taxes, including income tax increases. if you look at obamacare, there's a surcharge on income. and, you know, it's pretty scary between that and the capital gains, we're talking about, you know, we're talking about hitting people with a huge tax bill. and we should point out that this is the alleged rich, the millionaires and billionaires who make $200,000 a year. martha: right, exactly. exactly right. [laughter] you know, if you live in a metropolitan area really anywhere across the country and you make $200,000 if you're an individual, $250,000 together if you're a couple and you have any investments, right? >> any investments, but also even if you don't have investments, i think there's a surcharge on income here, which, you know, aside from that. and i'll tell you, this is the real sort offedty of -- oddity of obama taxes and the sort of silence of new york politicians. kirsten
spending decreases if you go over the fiscal cliff than if you deal with president obama. >> greta: well, it appears to many in the city that it's politico check mate for the president. if we go over the fiscal cliff, what it means is the taxes will go up on the wealthy, the big earners. it also goes up on the middle class. i assume the middle class will look to the rawp republicans foe fact that their taxes come up so political check mate. >> i'm not so sure. president obama could avoid that very simply by putting maybe two or three to one expenditure reductions on the table for revenue increases, something like sim responsibl simpson bow. he has a formula given to him by a commission he appointed and heted that formula and presented to the republicans a program which was basically just a massive tax increase over and above the massive tax increase that's going to take place with the bush tax cuts expiring, so i don't see where there's -- he hasn't given them room to compromise. maybe if he had put his tax increases on the table and put up expenditure reductions of, you know, one and a
said. they want to go off of the fiscal cliff. then negotiations fail president obama will not get blamed. it is someone else. >> gretchen: marjorie that sounds right other than the middle class getting hit with a tax hike isn't everything that ron just part of the dnc. >> it is it a big issue. president obama and really american people don't want to see middle class americans pay additional 2000 in taxes n which is what will happen in addition to cuts to programs . we want to cut and the american people want to see cut. there is it a few things. first more americans would blame the republicans and not president obama if we went off of the fiscal cliff. that is a motivation. >> brian: yeah. >> gretchen: ron, why do they feel that way? >> brian:ip totally agree with you. looking at polls and say republicans will get blamed and so why not runuss off of the cliff. >> republicans should have their own plan. the majority of americans in exit polls have said we should balance and ask the wealthiest to pay more. >> gretchen: wait, wait, wait, wait, wait. ron. that's not true. nothing is g
: straight ahead, does senator john cornyn think president obama wants you to go over the fiscal cliff? that question. that's next. huh? [ male announcer ] alka-seltzer plus rushes relief to all your worst cold symptoms, plus it relieves your runny nose. [ sighs ] thank you! [ male announcer ] you're welcome. that's the cold truth! the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >> greta: we're about to go head first over the fiscal cliff and democrats and republicans are still miles apart. we spoke with gop senator john cornyn about president obama's plans too tax hikes. talking about increasing taxes, letting the tax rate go up on people making over $250,000 a year. as i understand it, that's about $85 billion a year, funding the government for eight days. $85 billion is a lot of money, but if you look at government waste, even senator tom coburn has identified $20 billion in waste. has anybody thought about getting the revenue from waste,
president obama is fight will about top donors talking the fiscal cliff. yahoo and comcast among others. the groups say it's the way the president -- it's the president's way of rewarding his to donors for helping him get re-elected. >> it is a battle on capitol hill. we are four weeks away from going over that fiscal cliff. so far republicans are sticking to their guns. the white house is stepping up negotiations. tim geithner is set to meet top leaders to look closer at the numbers. mike em an mule has more from capitol hill. >> there's a great discussion about raising taxes. many talk about entitlement reform but with the nation's debt at 16 trillion and counting we asked lawmakers what they are willing to cut to get a deal. >> republicans offered a plan to avoid the fiscal cliff through significant spending cuts. >> we put revenue on the table as long as it's accompanied serious spending cuts to avert the crisis. >> the bipartisan bowl deficit plan had savings worth pursuing. >> they identified $1.1 trillion tax expenditures, benefits, deductions, credits and the like that could be
this done before christmas. >> jon: president obama talking stuff and standing his ground as america approaches a fiscal cliff, and the immediate y media in his corn again. >> the new york times gets caught 40 questionable items about the conflicts in the middle east. and a british judge releases his report on the phone hacking scandal in the country and how did the media here react. and jay leno sees the light. >> this is very dangerous for the white house if they should start asking real questions. >> jon: on the panel this week, writer and fox news contributor judy miller. syndicated columnist, cal thomas. jim pinkerton, contributor. and kirsten powers. >> jon: i'm jon scott, fox news watch is on right now. ambassador susan rice asked for a face-to-face meeting with some of her most focal critics to make things better. the meeting took place and appears to have made things worse. >> rice herself asked for the meeting, but the effort to smooth things over didn't exactly work. >> for the first time she acknowledged her comments were wrong. >> susan rice has been depi depicted from e
a new offer to avoid the fiscal cliff. it is a counter offer to president obama's plan. g.o.p. lawmakers proposed raising $800 billion in revenue from tax reform, not higher tax rates, but the white house immediately slammed the offer and said it won't even consider it, and tonight speaker boehner responds to the white house response saying it's now up to the president to come up with a plan. congressman allen west joins us. good evening. >> how are you doing? >> greta: very well. the white house is unimpressed by the proposal from the speaker and the white house republicans. >> the white house needs to go back and do case studies whe. you look at presidents cool imagidgeand kennedy, they went % down to 24%. kennedy went from 91% down to 71% and they increased revenue. what we're talking about is not what the president of the united states is looking at with wealth redistribution. we're talking about wealth expansion and economic growth and sound economic policies to do that. if you want to continue to believe that 250,000 dollars makes someone rich, you're going to crush these small bus
. >> the fiscal cliff crisis and president obama saying it could all be over in a week if republicans would get on board with his plan. of course, republicans argue he is the one refusing to budge. jut more bickering as we get closer and closer to a potential economic disaster. by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax r
geithner confirming what republicans have been saying the obama administration is ready to go over the so-called fiscal cliff if taxes are not raised. >> the administration prepared to go over the fiscal cliff? >> absolutely. there is no prospects in agreement that doesn't involve the raise going up on the top 2 percent. >> house speaker bane another a boehner and president obama have been talking by phone. not much progress was made. boehner says if he doesn't agree with the propose sal he has obligation to submit one of his own. >> the missing girl battling leukemia is safe and is being treated in new mexico. she was taken out of a hospital in phoenix. her mother took her. doctors are worried she could potentially get a deadly infection. the girl's father claims the hospital was to blame for a different infection which cost emily her right arm. he's refusing to tell police where she is in mexico. both parents could face criminal charges. >> shock, disgust and fear spread quickly on the campus of the university of -- one details the exact moment they realty lied they were in a major cris
cliff and the talks are at a stand still for president obama portrage republicans scrooges and the republicans are waiting for a serious proposal. pat buchanan wants the gop to stand firm with no new taxings. >> ditching the business tax for a national sales tax. it is spurring growth and putting people to work there. wayne would it work here? >> it is a sad day to think that we have to do something the communist china is doing . it worked very well and they have expand today to other provinces in china and it is working very, very well. yes. >> national sales tax does that work here, johnathon? >> it would. it is it fair and treats everyonely and easy to understand and more importantly taxes consumption and not production. the only thing i like about communist china is the chicken but the corporate next tax must go and think of how much more wealth and jobs we would have if it add more to the profits every year. >> julian, what do you make of >> the reason a national sales tax is good it is harder to cheat on and the reason it is it bad. economy growing at 2.4 percent. it
falling off the so-called fiscal cliff. president obama says is he ready to act. >> there are no shortage of pens in the white house. and i carry one around for an emergency just in case. >> here is the thing, will congress sign on the president's budget proposal all about more taxes and spending some folks say? >> and frosty and santa are front and center. why is one school in florida hiding baby jesus in the closet? the war on christmas is back, clayton. it's back. >> say it ain't so, joe. first the twinkie, now bazooka joe, juliet. >> no, no, no. >> after 60 years, say good by to bazooka joe. >> nobody will miss that horrible gum. >> it's amazing. >> how could you say it's bad? >> it can good gum. debating the merits of the gum. "fox & friends" in for juliet huddy. the gum that used to come in the tops cards. remember how terrible that stuff was. >> once you get past the stale and hard rock like substance it turns into a flavorful. >> i agree it is delicious. >> more on that plus ugly christmas sweaters this morning. county guys from ugly christmas sweater party.com top. i think they c
the so-called fiscal cliff. congressional republicans firing back now amid claims by president obama that some g.o.p. lawmakers are holding middle class tax cuts hostage. and senator orrin hatch accusing the president of pulling a bait and switch. listen. >> the the president said he wants a so-called balanced approach to solve this crisis, but what he proposed this week was a classic bait and switch on the american people, a tax increase double the size of what he campaigned on. billions of dollars in this stimulus spending and unlimited unchecked authority to borrow from the chinese. maybe i missed it, but i don't believe him asking for any of that during the presidential campai campaign. >> jamie: well, the developments are wii by the hour and our steve centanni is covering all of them. good to see you. >> you, too, jamie. one month until the fiscal cliff and appears to be little movement, but a lot of talk back and forth and the president used a campaign style appearance to appeal directly to the american people and pushed for immediate action to extend bush era tax cuts for ever
. it gives republicans leverage. president obama has the leverage in the fiscal cliff fight. he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 trillion every obama term. that's what catastrophic. the republicans need to stick to the boehner rule. a dollar of spending cuts for every dollar in spending increases. why give in on taxes and the fiscal cliff fight when you will have all the leverage. megyn: simon? >> in the rasmussen poll that came out today the republicans lost 10 points since the election in the congressional generic fight. they are losing this economic argument right now. if they p
, the pr inspect of the tax cliff is already affecting the behavior of some companies and shareholders, including one of president obama's biggest backers, who is cashi [ male announcer ] we all make bad decisions. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without feeling queasy. that's insurance for the modern world. esurance. now backed by allstate. click or call. >> the president who has covered the backs of businesses. a president who understands what the private sector needs to succeed. a president who takes the long view and makes the tough decisions. and that's why i'm here tonight supporting president obama. >> paul: that was costco co-founder and former ceo at the democratic national convention in september, saying that president obama will be better for business than mitt romney, but jus
president obama. maybe they need to show a willingness to go over the so-called fiscal cliff. now, if the president really wants to take the country there, maybe they need to let him go there. here's the bottom line. what are we hearing from the white house? we're hearing the president will not negotiate unless taxes are raised on job creators, and we're hearing that the president now wants to seize control of the debt ceiling from congress. well, that means rather than needing the approval of the house was the senate to raise the nation's spending limit, president barack obama wants to do this all by his lonesome, a blank check. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again, as part of a budget negotiation which, by the way, we've never done in our history until we did it last year, i will not play that game. > >> sean: in this country historically it's been up to you, the individual and the government, to create a better life for the next generation. that means your kids, that means
obama is rejecting a counter offer from the house republicans to get the country off the fiscal cliff. so the stalemate continues. what happens if we wake up january 2 and it's fallen off the fiscal cliff? here is jim angle. >> today's counter offer made clear the republicans want to avoid going over the fiscal cliff. which some democrats speculated might happen to their benefit. >> this is the way the white house and many democratic members and leadership believe. we will go over the cliff. tall tax rates will go up. we will then enact tax cuts for 98%. we will get congratulations from the american people. >> keeping and adding back tax cut for those above $250,000, 9 #% of income would add $37 trillion in ten years and would only save $800 billion or so from raising rates on higher incomes. democrats complain the republicans didn't pay for bush tax cut and no one on the democratic side is talking about finding the off-setting savings now to extend them. several democrats contemplated going over the cliff in recent days. perhaps in hopes of gaining leverage. >> if the republicans don
carlson. i hope you have a fantastic weekend. it is it a compromise. is it ready though. obama style. the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho hompt >> indeed. rick it is not christmas time here in new york city until rick descends down one of the tallest buildings in connecticut and there he is. screen left from last year screen right. when he bumped into the building. good morning to you rick. >> some traditions like fruit cake that shouldn't happen . maybe it is one of those tradition. you do it once and this is a building here. give you a shot from the top going down. it gets a little dark there. it gives you an individual. tan ford downtown height
medicarecomplete. martha: taking the fiscal cliff fight on the road now, president obama going to the public with his message today as the clock ticks down on what some lawmakers are calling a potential economic disaster. that is how we start a brand new hour on that sunny thought on a friday morning in "america's newsroom." good to have you here. i'm martha maccallum. bill: i'm bill hemmer. are you doing okay? martha: i'm doing great. bill: second hour here. president obama putting the heat on republicans supporting plan to allow taxes to rise on higher income earners. after days and weeks of meetings with no progress, republicans say he is not meeting them halfway. warning now we're in more danger of that fiscal cliff. melissa: i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. i'm here, seriously trying to resolve it and i would hope the white house would get serious as well. melissa: the president has made clear from the start that he understands that he will not get every item in this proposal or in his budget proposal that
cliff talks. it may. but chief national correspondent jim angle tells us tonight that president obama won re-election and obamacare kicks in, the economy is about to feel the effects. >> starting january 1, the obama administration will raise taxes far more than just eliminating the bush tax cuts for the top brackets. the new healthcare law will raise taxes of its own. additional $318 billion over ten years. including a new 3.8% tax on investment income and reduced deductions for those of all incomes. >> this is not an incon quincable thing. you are -- incon consequencial thing. >> those affected most will the small businesses many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of the bush tax cut and tax increases under obamacare. almost 60% increase in tax on investment. >> entrepreneurs with small businesses, certain number of workers now they will be facing a four or five, 10% point increase in the tax liabilities. that means they will have income to invest in their firm. >> for some small businesses it could be a hardship. for other sm
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